Threats from Boko Haram worries Standard & Poors

Standard & Poors expects a deterioration of the twin deficits (budgetary and external) of Cameroon, but cares more about the management of the threat posed by Boko Haram in the North of the country.

Standard & Poor's has maintained on October 31 its note to "B" for its broadcasts of long-term and short-term local and foreign currency. Its outlook remains stable, although governance indicators and the twin deficits (budgetary and external) continue to deteriorate.

In addition to the traditional political risk arising from the uncertainty surrounding the estate of Paul Biya, S&P minimizes the impact of the Central African crisis on the security of Cameroon to emphasize the threat of Boko Haram on the northern part of the country and its management by local authorities.

"The Government has sent troops to fight, however, certain tensions currently exist within the Cameroonian security forces, especially the remuneration policy", observed the Agency which considers that this situation could impair their effectiveness due to the fight against the Islamist sect.